soundoff(31 Responses)

My company will pay more because of tax charge and Health Care Law which is just signed. We employees will get less for our benefits and bonus. Obama is a liar who said HIS health care law will not have any negative impact on middle class. He is the biggest liar in history!

Let us take this with a grain of salt. Corporate accounting is more of a magical act than it is a reflection of the corporation's expenditures and income. We will see a series of announcements by corporations that, fearful of the wrath of stockholders, wish to blame their poor performance on the Worldwide Socialist Conspiracy to Overthrow Capitalism. Maybe they are telling the truth. Maybe they are not. There is no way to tell, actually.

We just have to play the odds. What are the odds that a global corporation is telling the truth? Think about that and you'll see why I tend to disbelieve.

March 31, 2010 05:16 pm at 5:16 pm |

Save 'em in the womb, so a "christian" holy war can send 'em to the tomb

Yes, AT&T will write off a billion to cover the TAX CREDITS they have been getting to "subsidize" retirement benefits.

Two points:

1. The quarterly profit is now ONLY 2 BILLION instead of 3 BILLION.

2. Why, since 2003 has the American tax payers been subsidizing these huge companies??

Any tax credit AT&T posted since 2003 had "profits" footed by the taxpayers. If IRS did not take in that 1 billion due to the tax credit, that means when the defense plan needed 1 billion(that you war-mongers insisted we use in your "christian crusades"), there was nothing in the Treasury because all you Reds care about are the AT&T SHAREHOLDERS not the American working class!